The country made 220,162 vehicles last month, down from 247,455 units reported in September 2019. But output was up by 4.4% from 210,860 units in August this year
“These were the lowest September figures since 2016,” Anfavea president Luiz Moraes said in a press conference on Wednesday. “The industry is slowly recovering from stoppages caused by the Covid-19 pandemic in March and April, and also being cautious to not let stocks rise too much.”
Inventories at manufacturers and dealerships totaled 141,700 units in September, 1.1% higher than 140,200 units a month before. Stocks were...